Wilson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $50,400. The equipment will have an initial cost of $600,600 and have an 8-year life. The salvage value of the equipment is estimated to be $100,600. If the hurdle rate is 10%, what is the internal rate of return? (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice Between 10% and 15% More than 15 Less than rero Between zero and 10%